Technology

Optimal Blue launches social media compliance monitoring

Solution works in real time
"In today’s social media landscape, it is imperative to take a proactive approach," explained Scott Happ, CEO of Optimal Blue. “By introducing a comprehensive monitoring module, clients can easily detect and resolve issues before they become costly. This also creates a phenomenal opportunity to train staff and loan officers regarding the compliance responsibilities related to social and digital media.”
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MBA Tech: What's next for the mortgage industry?

Leaders of loanDepot, Quicken, PenFed and CBRE share their perspectives
The companies represented by these executives are some of the most successful in our industry — or any industry. Their companies are diverse in size, scope and client base, but the executives have one thing in common — they see enormous opportunity in their employees and customers. Their vision is not limited to the current products or services that their current employees offer their current customers. In fact, these guys might disrupt more than just the mortgage industry.
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Digital lending platform LenderClose secures new investment to power growth

Iowa-based company will hire 25 new employees
LenderClose, a digital lending platform for credit unions and community banks, is ready to plot the next stage of its growth thanks to a new investment from Next Level Ventures, a venture capital firm that invests in growing companies based in Iowa. The company did not make the specific financial details available, but the company said that it plans to use the money to hire 25 new employees.
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HousingWire's weekly news podcast #3

We talk Zillow, Bank of America, and tech
Episode #3 of HousingWire's weekly news podcast features Editor-in-Chief Jacob Gaffney chats with HW reporter Kelsey Ramirez about Bank of America's earnings, Zillow's move into home buying and home selling. Plus, Managing Editor Sarah Wheeler reports live from MBA Tech.
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SunTrust becomes latest bank to roll out digital mortgage platform

Joins Wells Fargo, Bank of America, Chase, others
Another lender is about to join the digital mortgage revolution, as SunTrust announced Monday that it is rolling out a digital mortgage application platform. SunTrust claims that its platform, which is called the “SmartGUIDE Mortgage Application,” allows consumers to complete a mortgage application entirely online in “half the time” of a typical mortgage application.
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Veros, IDS announce integrated solution for GSE UCD data submissions

Two companies partner for a fully integrated, automated delivery solution
Enterprise risk management, collateral valuation, and predictive analytics services company Veros Real Estate Solutions and mortgage document preparation vendor International Document Services announced Monday that they have partnered to provide lenders with a fully integrated automated delivery solution for submitting the Uniform Closing Dataset, or UCD, to Freddie Mac and Fannie Mae.
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Monday Morning Cup of Coffee: Goldman Sachs buys startup Clarity Money to bolster Marcus

Plus, more on the AIME/Blend partnership for brokers
It's the start of a new week, but the news couldn't wait for Goldman Sachs, which announced on Sunday it purchased personal finance startup Clarity Money (and its 1 million users) to boost its consumer-lending business Marcus. Plus, more on the Blend and AIME partnership for brokers and a new mortgage servicing rule goes into effect this week.
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CoreLogic launches income calculation solution FactCheck

Designed to automate, streamline and standardize the income calculation and analysis process
Global property information, analytics and data-enabled solutions provider CoreLogic announced it has launched FactCheck, a new income calculation and analysis solution. According to the company, FactCheck is the mortgage industry’s most complete income calculation and analysis solution and is designed to automate, streamline and standardize the entire income calculation and analysis process.
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Cloudvirga partners with Freddie Mac to provide one-click dual AUS submissions

Industry's first single-click, dual-AUS submission of loan data
Digital mortgage point-of-sale software provider Cloudvirga announced Thursday it has launched single-click submission of loan data to both GSEs’ automated underwriting systems in a new collaboration with Freddie Mac. “We’re empowering loan officers and back-office teams with data and augmented intelligence and making it effortless to deliver the best possible borrower experience while maximizing loan performance in the secondary market,” Cloudvirga Co-founder Kyle Kamrooz said.
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Gamechanger: Zillow to begin buying and selling houses

Follows lead of Redfin and other direct homebuyers
Nearly one year ago, Zillow shook up the real estate industry when it announced that it was getting into the home selling business by launching “Zillow Instant Offers.” As it turns out, that was just the beginning. Zillow announced Thursday that it will begin buying homes and selling homes directly to and from homeowners.
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